$5,344 Closing Credit¹
#20250003441, Gaston Munoz, Listing Office: Munoz Realty Inc
$765,000 List price
5807 Toledo St Detroit, MI 48209
$9,084
Closing credit¹
0.2 acres
Multi-Family
Property details
About 5807 Toledo St
Welcome to your next investment opportunity in the heart of Southwest Detroit! This property is 90% occupied. There are no showings without an accepted offer. This 10-unit building is a beacon of potential, boasting numerous features that make it a lucrative addition to your portfolio.The upgraded units in this building command top dollar, with rents reaching up to $1,200 per month. This means a potential annual income of around $140,000 when all units are fully upgraded. Southwest Detroit is experiencing rapid appreciation, making this property an even more attractive investment. The neighboring $4.4BN Gordie Howe Bridge development is scheduled to complete next year. Its surrounding areas have seen significant development, making it an exciting time to invest in this community.Each unit in this building is individually metered for their utility costs, simplifying property management for you and increasing your return on investment. Tenants will appreciate the convenience of air conditioning in every unit, enhancing their living experience and allowing you to command premium rents. Just a quick drive away, Downtown Detroit is less than 10 minutes from this property, offering residents access to employment centers, dining, and entertainment options. Nearby Michigan Central Station Development in Corktown With its proximity to the nearly $1BN Michigan central station development in Corktown, this property is strategically positioned to benefit from ongoing urban revitalization and increased demand for housing in the area.This stabilized 10-unit building is a rare gem for savvy investors, combining attractive rental income potential with a prime location in a neighborhood poised for substantial growth. Don't miss out on this opportunity to secure significant cash flow and capitalize on the flourishing Southwest Detroit real estate market.Contact us today to schedule a viewing and seize this excellent investment before it's gone!
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
CoolingCentral Air
BasementYes
Lot size0.17 Acres
Year built1923
MLS #81025008017
Summary
- MLS Number: 81025008017
- MLS Name: Greater Metropolitan Association of REALTORS
- Office Name: Prep Realty
- Office Phone: (313) 855-7737
- Listing Agent: Ishma Best
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$765,000
5807 Toledo St
$9,084
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 28, 2018 | Home Sold | $271,500 |
| Nov 17, 2016 | Home Sold | $175,000 |
| Dec 30, 2015 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $337,200 | $13,309 |
| 2023 | $289,000 | $13,309 |
| 2022 | $253,700 | $19,333 |
| 2021 | $167,800 | $19,333 |
| 2020 | $138,400 | $3,824 |
| 2018 | $28,800 | $3,824 |
| 2017 | $26,900 | $7,095 |
History based on county public records data.
Nearby schools
2
Maybury Elementary School
Public District PK-5
0.7 mi
•4410 Porter St
1
Roberto Clemente Learning Academy
Public District PK-5
0.9 mi
•1551 Beard St
2
Academy of the Americas at Logan
Public District KG-3
1.0 mi
•3811 Cicotte St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $22,436. Residents of Detroit, MI typically earn less than $<35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
27%
35k-100k
4%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
39%
Single, No Kids
20%
Single, with Kids
11%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
10%
12-17 yrs old
27%
18-34 yrs old
31%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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$1,188 Closing Credit¹
#20240074526, Darius Robinson, Justin S Ford, Listing Office: EXP Realty Plymouth
This home is located at 5807 Toledo St in Detroit, MI and zip code 48209 in the Near West neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $765,000.
In February 2025, from all listings sold in Detroit, MI there were more than 68 sold above asking price, over 203 sold below and more than 60 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 7% between January and February 2025. The median list price of listings available in February 2025 was $88,760, while the average time on the real estate market was 59 days.
From Rocket Homes Real Estate and based on county public records data.